Casella Waste Systems, Inc. (CWST) AI Stock Analysis

Casella Waste Systems, Inc. and its subsidiaries function as a fully integrated provider of solid waste services across the northeastern United States. Specializing in resource management, the company delivers solutions encompassing solid waste collection, disposal, transfer, recycling, and organics services. Its clientele spans residential, commercial, municipal, institutional, and industrial sectors. The company's operational infrastructure includes 50 solid waste collection operations, 65 transfer stations, 23 recycling facilities, 8 Subtitle D landfills, 3 landfill gas-to-energy facilities, and a landfill permitted for construction and demolition materials. Casella Waste Systems also processes and markets recyclable materials and conducts commodity brokerage operations.

Revenue increased from $889.2M in FY2021 to $1.09B in FY2022, $1.26B in FY2023, $1.56B in FY2024, and $1.84B in FY2025, representing an 18.0% gain in FY2025 and a 5-year CAGR of 18.9%. Gross margin compressed from 22.9% in FY2021 to 17.1% in FY2025, while operating margin fell from 9.5% to 4.9%. Net income decreased from $41.1M in FY2021 to $7.9M in FY2025, bringing net margin to 0.4%. Over the trailing twelve months, revenue reached $1.96B with an operating margin of 5.0% and EPS of $0.09. For the quarter ended June 30, 2026, quarterly revenue rose 16.9% year-over-year, while quarterly earnings fell 25.9%.

As of June 30, 2026, Casella Waste Systems held $25.5M in cash and short-term investments against total debt of $1.45B, resulting in net debt of $1.42B. Shareholders' equity was $1.58B alongside total assets of $3.56B, generating a debt-to-equity ratio of 0.91 and a current ratio of 0.99. Operating cash flow grew to $329.8M in FY2025, funding capital expenditures of $245.1M and resulting in free cash flow of $84.7M. Over the trailing 5-year period, the company's share count increased by 23.4%.

At its last close of $88.00, Casella Waste Systems trades at a trailing P/E of 977.8x and a forward P/E of 56.2x, above the median of its US-listed Industrials peers of 24.8x and 17.2x. Its price-to-sales ratio of 2.9x and EV to EBITDA of 17.2x also exceed the peer medians of 1.5x and 13.9x, respectively. The stock gained 2.4% over the past year and 10.0% over five years, trailing the S&P 500 (SPY) returns of 16.8% and 83.0% over the same timeframes.

Consensus ratings include 7 Strong Buy, 1 Buy, 2 Hold, and 1 Sell. The mean price target is $108.40, indicating 23.2% potential upside from the last close of $88.00. For the fiscal year ending December 31, 2026, analysts estimate revenue of $2.10B and EPS of $1.24, reflecting an EPS decrease of 2.0%. For the following fiscal year, 11 analysts project revenue of $2.26B, up 7.4%, and EPS of $1.44, up 15.4%. Casella Waste Systems beat EPS estimates in each of the last 4 quarters, with its next earnings release scheduled for November 9, 2026.

This page is an AI-written research summary of Casella Waste Systems, Inc. (CWST). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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